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Is aid oil? An analysis of whether Africa can absorb more aid

Abstract:
This paper considers whether Africa can absorb a doubling of aid. If oil revenues provide a "natural experiment" the results are disappointing: far from being transformational, they have been markedly less successful than aid. One implication is that the delivery modalities of aid, though heavily criticized, have substantially added value: the paper discusses which modalities may have been most useful. Unfortunately, aid appears to be subject to diminishing returns, so that doubling aid through conventional modalities would not double its impact. The paper concludes by considering innovations in aid modalities, which might offset diminishing returns.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.worlddev.2006.01.002

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Centre for the Study of African Economies
Oxford college:
St Antony's College
Role:
Author


Publisher:
Elsevier
Journal:
World Development More from this journal
Volume:
34
Issue:
9
Pages:
1482–1497
Publication date:
2006-09-01
Edition:
Author's Original
DOI:
ISSN:
0305-750X


Language:
English
Keywords:
Subjects:
UUID:
uuid:be263d06-c5a9-4e2e-a29c-16e80cdd7bc0
Local pid:
ora:1702
Deposit date:
2008-03-14

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